United Way of Midland, Inc.
STATEMENT OF FINANCIAL POSITION as of December 31, 2013 (unaudited)
ASSETS
LIABILITIES AND NET ASSETS Current Fund - Unrestricted Current liabilities: $345,387 Accounts payable and other Due to (from) other funds 2,329,001 Due to program providers 3,356,019 Due to state & national affiliations Grants payable 900,313 Total current liabilities 15,782 6,946,502 Net assets Total liabilities and $6,946,502 Net Assets
Current assets: Cash Certificates of deposit and other cash investments Marketable securities Pledges receivable, less allowance for uncollectible accounts of $ 223,059 Accrued interest & other current assets Total current assets Total Assets Property and equipment: Land Building Furniture, fixtures and equipment Total property & equipment Less accumulated depreciation Net property & equipment Total Assets Current assets: Cash Total current assets
Total Assets Investments
Total Unrestricted Assets Total Assets Future Interest
United Way of Midland
$21,661 10,751 3,528,682 45,297 525,938 4,132,329 2,814,173 $6,946,502
Land, Building & Equipment Fund - Unrestricted Current liabilities: $61,380 Due to (from) other funds 280,310 Total current liabilities 185,787 527,477 Net assets (322,544) 204,933 Total liabilities and $204,933 Net Assets
$
($10,751) (10,751) 215,684
$204,933
Priority Grant Fund - Unrestricted Current liabilities: 0 Due to (from) other funds Total current liabilities 0 Net assets: Endowment Fund Income Fund Total Net Assets Total liabilities and $0 Net Assets
$
0 0 0 0 0 $0
United Way Permanent Fund - Unrestricted $597,896 Net Assets
$597,896
Total Assets, Liabilities & Net Assets - All Unrestricted Funds Total liabilities $7,749,331 Total Unrestricted Net Assets $7,749,331 Total Liabilities and Net Assets Temporarily Restricted Future Interest $1,880,378 Temporarily Restricted Net Assets
4,121,578 $3,627,753 $7,749,331 $1,880,378
Permanently Restricted Certificates of deposit and other cash investments
1209 West Wall Midland, TX 79701
$500,000
Permanently Restricted Net Assets
UWMidland.org
$500,000
Phone: 432.685.7700 Fax: 432.682.4462
ANNUAL REPORT 2013 ANNUAL HIGHLIGHTS April 2013 - March 2014
• Campaign Chair Ryan Hamilton and his team raised a record $3,505,937 for the 2012-2013 campaign. These funds benefit United Way of Midland’s (UWM) programs, initiatives and community grants. • UWM hosted its inaugural Run a K for United Way on April 6, 2013. The 5K and 10K race drew 119 participants. In addition, the generosity of sponsors enabled us to raise $12,877. • The work of the Transitional Housing Steering Committee continued throughout 2013. The Family Promise of Midland and UWM collaboration, Families Forward, became a reality in December, when a duplex was acquired and the first family moved into a unit. This family was able to enjoy Christmas in their temporary new home. Ground will be broken later this spring for the construction of two more duplexes. • During the Summer of 2013 UWM partnered with Casa de Amigos to pilot Club Read. Club Read is a program to prevent summer reading loss in low income children. 72 children in second through seventh grade received a reading kit, consisting of five books to keep and a journal. UWM is monitoring the reading grades of these students and preliminary reports show the majority improved their reading grade.
• In August a Women’s Leadership Council (WLC) Steering Committee was formed. Later in 2013, 40 charter members were recruited and donated more than $40,000 towards a Ready to Read initiative. Ready to Read is designed to enhance early grade literacy. In February, WLC gave literacy kits to 88 Pre-K and Head Start students at Crockett Elementary. Volunteers read to the students every other week and present them with a book each time. We will monitor the reading and literacy progress made by these children through the third grade. Ellen House serves as Chair and Jayne Krawietz as Vice Chair. • The 12th Annual XTO and Concho Resources Bustin’ Clay for United Way was another great success. The event kicked off the 2013-2014 United Way campaign by raising $182,000, thanks to the generosity of sponsors and participants. • In January 2014, UWM sponsored its second season of USA Fit Midland. The 12-week training program prepared about 40 walkers and runners along with 10 volunteer coaches, for the second annual Run a K for United Way.
49
Programs
5
Initiatives
$3.5M
Invested